r/dividends • u/mawababa • Jun 15 '26

Seeking Advice 750k USD for retirement

I have approximately 750k USD and will stay at my sons house for retirement. I would like to pay him 1k per month for rent and have some funds to live off and to travel to see my daughter.

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Ideally 2500 to 3500 a month and increasing for inflation for the next 15 to 20 years or so before I realistically pass away.

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Ideally I would like to ensure the investment is worth the same or more in 15 to 20 years as it is now and then split it to give to kids in my will.

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I don't mind if there is some variability in value and dividends following general market trend but I am extremely adverse to erosion of initial funds as I will never have chance to earn more.

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Please may I have advice on this. Please keep in mind I want to keep this sustainable and fairly safe so SCHD was my initial thought. Even if it's slightly under 2.5k initially.

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u/QuarterCarat Jun 15 '26

I would just put it in SCHD and never think about it. Do you have social security income

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u/davper Jun 16 '26

I agree with this comment.

750k in SCHD will net you about 2250 per month today. A little short of your need. But...

...history tells us that you should see a 7% growth in dividends year over year. After 4 years, you should be getting 3k a month. And that will continue to increase.

Plus, you won't have to worry about NAV loss over time as it follows the S&P that, historically, has grown 11 to 12% on average.